The most competitive industry among the following is one that has
A. price leadership.
B. covert collusion.
C. open collusion.
D. a cartel.
A. price leadership.
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A negative income tax system would provide all households, including the poor, with:
a. cash payments. b. incentives to earn income. c. higher income levels. d. medical assistance. e. lower tax bills than it does .
Refer to the graph shown.
The fourth quintile (a quintile is a fifth) of the families earn:
A. 28 percent of the income. B. 52 percent of the income. C. 24 percent of the income. D. 20 percent of the income.
Autonomous consumption is equal to
a) saving when consumption equals disposable income b) consumption when disposable income is zero c) consumption caused by an increase in disposable income d) dissaving when disposable income is greater than zero
The current Debt to GDP levels in the U.S.
A) is one of the lowest in world among large nations but expected to rise dramatically B) is at its highest point in U.S. history C) is over 100% which was reached previously only as a result of war D) is the highest among the high income nations